Mercer Investments Llc
- Regulatory AUM
- $226B
- Discretionary
- $220B
- Clients
- 1,407
- Avg AUM / client
- $161M
- Accounts
- 1,417
- Employees
- 714
AUM over time
Annual snapshots from Form ADV filings · as of Jul 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 6 | $11.0B | 4.87% |
| Pooled investment vehicles (non-investment companies) | 35 | $9.9B | 4.37% |
| Pension and profit sharing plans | 312 | $140B | 61.9% |
| Charitable organizations | 1,034 | $62.6B | 27.7% |
| State or municipal government entities | Fewer than 5 clients | $484M | 0.21% |
| Insurance companies | Fewer than 5 clients | $347M | 0.15% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $2.3M | 0.0% |
| Corporations and other businesses | Fewer than 5 clients | $15.5M | 0.01% |
| Other | 20 | $1.9B | 0.82% |
Private funds (39)
View all →Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $16.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mercer Active Long Corporate Fixed Income Portfolio | Other Private Fund | New Hampshire | $6.9B | 124 |
| Mercer Hedge Fund Investors Spc master | Other Private Fund | Cayman Islands | $1.5B | 61 |
| Mercer Private Investment Partners Vii, Lp | Private Equity Fund | Delaware | $966M | 85 |
| Mercer Private Investment Partners Vi, Lp | Private Equity Fund | Delaware | $932M | 63 |
| Mercer Diocese Of Brooklyn Growth Strategy | Other Private Fund | Delaware | $843M | 1 |
| Mercer Private Investment Partners V, Lp | Private Equity Fund | Delaware | $580M | 45 |
| Mercer Audax Credit Feeder Fund, Lp feeder | Other Private Fund | Cayman Islands | $401M | 6 |
| Mercer Fftc Us Equity Investment Portfolio Llc | Hedge Fund | Delaware | $381M | 7 |
| Mercer Private Investment Partners Iv, Lp | Private Equity Fund | Delaware | $342M | 34 |
| Ers Private Equity International Fund Ii, L.P. | Private Equity Fund | Delaware | $322M | 11 |
| Mercer Buyout Ready Fund | Other Private Fund | New Hampshire | $306M | 1 |
| Mercer Ares Credit Feeder Fund Lp feeder | Other Private Fund | Cayman Islands | $291M | 4 |
| Mercer Private Investment Partners Iii (Offshore), Lp | Private Equity Fund | Cayman Islands | $290M | 22 |
| Mercer Strategic Solutions, Llc International Equity Series | Other Private Fund | Delaware | $220M | 12 |
| Mercer Diocese Of Brooklyn Risk Reduction Strategy | Other Private Fund | Delaware | $200M | 1 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| California Institute Of Technology Retiree Medical Plan Jpl Veba Tr EIN 376581075 | San Diego, CA | 12/31/2024 |
| Childrens Hospital Colorado Health System EIN 454182666 | Aurora, CO | 12/31/2024 |
| Inceptia EIN 920907062 | Lincoln, NE | 09/30/2024 |
| Saint Louis Symphony Endowment Trust EIN 436863846 | Saint Louis, MO | 08/31/2024 |
| Bowling Green State University Foundation Inc EIN 346007199 | Bowling Green, OH | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C. Showing first 100 of 170.
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jahnel, Ferdinand, Gerhard | Treasurer | Dec 2015 (11y) | Less than 5% | |
| Gouthro, Stephen, Michael | Chief Operating Officer | Mar 2019 (7y) | Less than 5% | |
| Lambert, Raelan, Marie | Director & Global Alternatives Leader | Mar 2020 (6y) | Less than 5% | |
| Hulme, Caroline, Locke Harrington | Secretary & Senior Counsel | Jul 2021 (5y) | Less than 5% | |
| Choe, Tammy, Yoo | Chief Compliance Officer | Mar 2022 (4y) | Less than 5% | |
| Cordover, Marc, David | President & Director | Dec 2022 (4y) | Less than 5% | |
| Olaolu Olayinka Aganga | Vice President & Chief Investment Officer | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mercer (Us) Llc | Sole Member | Mar 2019 | A | 75% or more |
| Marsh & Mclennan Companies, Inc. | Shareholder | Feb 1984 | B | ≈ 56.25% – 100% via Mercer (Us) Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Marsh & Mclennan Companies, Inc.: 75% – 100% of Mercer (Us) Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (39, $16.1B gross assets)
Top 25 of 39 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (100)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| University Of Virginia Darden School Foundation Retirement Plan | University Of Virginia Darden School Foundation | 117 | $26.0M | 07/01/2024 |
| Dallas Theological Seminary Pension Plan | Dallas Theological Seminary | 78 | $35.2M | 07/01/2024 |
| Shands Healthcare Pension Plan Ii | Shands Teaching Hospital And Clinics, Inc. | 2,133 | $958M | 07/01/2024 |
| Investors Bank Pension Plan | Citizens Financial Group, Inc. | 254 | $146M | 07/01/2024 |
| Sheet Metal Workers' Local No. 33 Cleveland District Pension Plan | Trustees Of Sheet Metal Workers Local 33 Pension Plan | 457 | $200M | 05/01/2024 |
| Oracle Corporation 401(k) Savings And Investment Plan | Oracle Corporation | 58,808 | $31.0B | 01/01/2024 |
| The Manitowoc Company, Inc. 401(k) Retirement Plan | The Manitowoc Company, Inc. | 1,747 | $324M | 01/01/2024 |
| Efi 401(k) Savings Plan | Electronics For Imaging, Inc. | 527 | $265M | 01/01/2024 |
| Simon Property Group And Adopting Entities Matching Savings Plan | Simon Property Group, L.P. | 3,223 | $598M | 01/01/2024 |
| Mccormick 401(k) Retirement Plan | Mccormick & Company, Inc. | 4,796 | $968M | 01/01/2024 |
| Pension Plan For Us Employees Of Rogers And Toronto Blue Jays | Rogers Blue Jays Baseball Partnership | 279 | $28.9M | 01/01/2024 |
| Lmi 401(k) Plan | Lmi Consulting Llc | 2,655 | $449M | 01/01/2024 |
| Robinson Companies Retirement Plan | C.H. Robinson Company, Inc. | 8,285 | $1.8B | 01/01/2024 |
| Corning Incorporated Investment Plan | Corning Incorporated | 11,726 | $4.1B | 01/01/2024 |
| Corning Incorporated Investment Plan For Unionized Employees | Corning Incorporated | 3,194 | $459M | 01/01/2024 |
| Constant Contact Inc. 401 K Plan | Constant Contact, Inc. | 990 | $117M | 01/01/2024 |
| The Huntington 401(k) Plan | Huntington Bancshares Incorporated | 20,450 | $2.4B | 01/01/2024 |
| Ubs Financial Services Inc. Pension Plan | Ubs Financial Services Inc. | 877 | $579M | 01/01/2024 |
| Novelis Warren Hourly Pension Plan | Novelis Corporation | 19 | $9.6M | 01/01/2024 |
| The Daikin 401(k) Plan | Daikin Comfort Technologies Manufacturing, L.P. | 12,035 | $635M | 01/01/2024 |
| Morgan Stanley 401(k) Plan | Morgan Stanley Domestic Holdings, Llc | 54,084 | $22.2B | 01/01/2024 |
| Caltech Base Retirement Plan | California Institute Of Technology | 10,047 | $5.2B | 01/01/2024 |
| Bass Pro Group, Llc 401(k) Plan | Great Outdoors Group, Llc | 26,175 | $608M | 01/01/2024 |
| Alaska Electrical Pension Plan | Joint Board Of Trustees Alaska Electrical Pension Fund | 3,855 | $2.1B | 01/01/2024 |
| Mediacom 401(k) Plan | Mediacom Llc | 3,639 | $265M | 01/01/2024 |
Top 25 of 100 plans by assets.
From Form 5500 service-provider disclosures.
Foundations & charities (5)
| Organization | Type | Assets | As of |
|---|---|---|---|
| California Institute Of Technology Retiree Medical Plan Jpl Veba Tr | Public charity | $491M | 12/31/2024 |
| Childrens Hospital Colorado Health System | Public charity | $1.4B | 12/31/2024 |
| Inceptia | Public charity | $257M | 09/30/2024 |
| Saint Louis Symphony Endowment Trust | Public charity | $261M | 08/31/2024 |
| Bowling Green State University Foundation Inc | Public charity | $320M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 10.3 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: PLAINTIFFS ALLEGE BREACH OF FIDUCIARY DUTY BY DEFENDANTS IN CONNECTION WITH THE INVESTMENT OF KENTUCKY RETIREMENT SYSTEM PENSION ASSETS IN CERTAIN HEDGE FUND INVESTMENTS. Status: Pending Summary: PLAINTIFFS ALLEGE BREACH OF FIDUCIARY DUTY BY DEFENDANTS IN CONNECTION WITH THE INVESTMENT OF KENTUCKY RETIREMENT SYSTEM PENSION ASSETS IN CERTAIN HEDGE FUND INVESTMENTS. MR. PEDEN, AN ADVISORY AFFILIATE, WAS EMPLOYED BY KRS FROM 2009-EARLY 2017, AND HAS BEEN NAMED AS A DEFENDANT IN CONNECTION WITH THAT ROLE.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Performance-based fees
- • Other fees
- • A PERCENTAGE OF ASSETS UNDER ADVISORY SERVICES
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- Northern Trust $40.8B (18% of AUM) Mar 2026
- Fidelity Investments $31.0B (14% of AUM) Mar 2026
- BNY Mellon $14.1B (12% of AUM) Jun 2020
- State Street $11.3B (12% of AUM) Dec 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 27, 2026.
View current Form ADV (SEC/IAPD) ↗